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Related Experiment Video

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Analyzing the regional economic changes in a high-tech industrial development zone using machine learning algorithms.

ErLe Du1, Meng Ji1

  • 1Department of Strategic Development, Harbin Bank, Harbin, China.

Plos One
|June 22, 2021
PubMed
Summary
This summary is machine-generated.

China's high-tech industrial development zones (IDZs) show high economic efficiency, but regional disparities exist. Machine learning analysis reveals that economic structure, talent, and capital positively impact efficiency, suggesting targeted improvements for development zones.

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Area of Science:

  • Economics
  • Regional Science
  • Technology Management

Background:

  • China's high-tech industrial development zones (IDZs) are crucial for economic growth.
  • Understanding the factors influencing their economic efficiency is vital for sustainable development.
  • Previous studies have analyzed economic efficiency but lacked dynamic and ML-driven approaches.

Purpose of the Study:

  • To enhance the analysis of regional economic changes in China's high-tech IDZs.
  • To ensure industrial structural integrity within these zones.
  • To comprehensively assess the roles of capital, technology, and talent in economic structural shifts.

Main Methods:

  • Employed machine learning (ML)-based Data Envelopment Analysis (DEA) and Malmquist index algorithms.
  • Analyzed dynamic and static economic characteristics of high-tech IDZs from 2009-2019.
  • Developed and validated an economic efficiency influencing factor model using detailed regional data.

Main Results:

  • National high-tech IDZs exhibit high overall economic efficiency, with significant regional variations.
  • The eastern region's economic efficiency is notably below the national average.
  • Positive correlations were found between economic structure, talent, capital investment, and economic efficiency.

Conclusions:

  • Economic efficiency in high-tech IDZs can be boosted via secondary industry development, employee value enhancement, and increased funding.
  • ML technology offers efficient data processing for better development strategies in China's high-tech industrial parks.
  • Addressing regional disparities is key to optimizing the performance of China's high-tech IDZs.